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January 06, 2007
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Saturday
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Zilhaj 15, 1427
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Fed’s role
WASHINGTON, Jan 5: Federal Reserve Chairman Ben Bernanke said on Friday the Fed's bank supervisory role allows it to obtain critical information about financial sector conditions that helps it to more effectively manage financial crises. In a speech to finance and economics professionals in Chicago, Bernanke said the Fed's ability to deal with hard-to-predict threats to financial stability depends critically on information, expertise and powers it gains from its role as both a bank supervisor and a central bank.—Reuters
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